On July 30, analysts described the Fed's decision as a 'hawkish hold.' Although the majority of committee members chose to keep rates unchanged, three members—Dallas Fed's Lorie Logan, Cleveland Fed's Beth Hammack, and Minneapolis Fed's Neel Kashkari—voted for a 25-basis-point rate hike. Marc Giannoni of Barclays said, "The FOMC made a 'hawkish hold' decision." "This policy decision was made in the face of significant hawkish opposition, as these hawkish members favored immediate rate hikes rather than waiting for more data before deciding." Earlier, economists had generally expected two dissenting votes, and Kashkari's vote for a rate hike surprised some. Daniel Siluk of Janus Henderson Investors said, "Three dissenting votes in favor of a rate hike highlight that there is still a considerable force within the committee that is worried about inflation."
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